USD/CHF pair extends its decline to around 0.8990 during the early European session, pressured by the weaker US Dollar (USD). The Federal Reserve (Fed) Patrick Harker and Michelle Bowman are set to speak later on Monday. On Tuesday, the Swiss Industrial Production will be released. US Retail Sales dropped by the most in nearly two years in January, weighing on the Greenback. Data released by the US Census Bureau on Friday showed that US Retail Sales dropped by 0.9% in January versus a 0.7% increase (revised from 0.4%) prior This figure came in weaker than the estimation for a decrease of...
Gold price (XAU/USD) kicks off the new week on a positive note following Friday's pullback from the vicinity of the all-time top and climbs back above the $2,900 mark during the Asian session. The US Dollar (USD) selling bias remains unabated in the wake of a delay in US President Donald Trump's reciprocal tariffs. This, along with worries that Trump's policies could trigger a global trade war, turn out to be key factors acting as a tailwind for the safe-haven precious metal. Meanwhile, the growing market acceptance that the Federal Reserve (Fed) would stick to its hawkish stance and keep...
Oil prices were little changed on Monday as investors eyed developments on a potential Russia-Ukraine peace deal that could ease sanctions disrupting global supply flows. Brent crude futures was up 7 cents at $74.81 a barrel at 0430 GMT, while U.S. West Texas Intermediate crude was stable at $70.75 a barrel. The market continued to keep an eye on progress of peace talks, after U.S. President Donald Trump and his administration officials announced they had begun discussions with Russia to end the war in Ukraine. "If negotiations lead to a resolution, more Russian barrels would enter global...